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Tag: sheet

‘We’ve got a strong balance sheet’: Starbucks CEO defends buybacks

Starbucks CEO Kevin Johnson on Wednesday defended the company’s share buyback program as the coronavirus pandemic roils the restaurant industry.  “We’re being thoughtful and responsible,” Johnson said in a interview with Jim Cramer on CNBC’s “Mad Money.” “Look, we’ve got a strong balance sheet, BBB investment credit rating. If you look at our last earnings …

‘We’ve got a strong balance sheet’: Starbucks CEO defends buybacksRead More

Ted Baker balance sheet error worse than feared as woes deepen | Business

The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its balance sheet. Ted Baker appointed accountants from Deloitte last month to investigate after the company found that it had overestimated the value of its stock. The retailer’s preliminary …

Ted Baker balance sheet error worse than feared as woes deepen | BusinessRead More

Ted Baker shares fall after it warns of £25m balance sheet error | Business

The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based …

Ted Baker shares fall after it warns of £25m balance sheet error | BusinessRead More